Application Management Services Market Size , Share , Trends , Analysis and Forecasts To 2021
Market Research analysts forecast the global AMS market to grow at a CAGR of 4.75 % during the period 2017-2021 .
The following companies as the key players in the global AMS market : Accenture , IBM , Infosys , and TCS
Other Prominent Vendors in the market are : Atos Origin , Bourntec Solutions , Capgemini , Cognizant , CSC , Deloitte , Fujitsu , HP , Iblesoft , Ingenuity Technologies , L & T Infotech , Logica , Tech Mahindra , NTT Data , Wipro , and Xerox
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Commenting on the report , an analyst team said : The traditional on-premises deployment of AMS is slowly being taken over by single and multi-tenant hosted services . These solutions are becoming an increasingly popular option for deploying enterprise software . In addition to the increased adoption of SaaS-based solutions by SMEs , hosted AMS are gradually being used by large enterprises . The software available over the Internet in a subscription model is more flexible than the SaaS-based model . Many vendors have also begun to offer their AMS through the SaaS-based model to expand their services and enter new markets . In addition , the economic challenges encountered by organizations require them to adopt SaaS-based models as a cost-cutting alternative .
According to the report , the need to improve business productivity and gain competitive advantages , such as optimization of capacity , reduction of lead time and cost , and increased profitability through IT infrastructure , is a major factor that drives the market . AMS enhance the organizational process by improving quality control and inventory control , which in turn , helps organizations improve their productivity and efficiency . The increasing importance of scalable IT systems are leading enterprises to look for business solutions that can accelerate the growth of an organization by effectively managing the business AMS . Over the last few years , many companies have deployed AMS to improve productivity , meet business demands , and remain competitive in the market .
Further , the report states that organizations generally use different legacy systems , processes , applications , AMS , and data sources as part of their IT set-up . However , the integration of new AMS with existing legacy systems is a challenge to most vendors in the market . Visualization of their impact on the existing systems is essential before any new implementation . Vendors need to have a thorough understanding of the functionality , design , operation , and performance of existing systems . Lack of a sound understanding of existing systems has been a nagging issue for vendors . Furthermore , organizations need to anticipate the types of change that will be required as part of integration process . Therefore , the integration of application services with existing legacy systems creates hurdles in the smooth functioning of the AMS , which may reduce the efficiency of these services .